Stock of the Day: What’s Propelling SUPERVALU INC. to Increase So Much?

Stock of the Day: What's Propelling SUPERVALU INC. to Increase So Much?

The stock of SUPERVALU INC. (NYSE:SVU) is a huge mover today! About 928,613 shares traded hands. SUPERVALU INC. (NYSE:SVU) has declined 10.00% since March 8, 2016 and is downtrending. It has underperformed by 19.32% the S&P500.
The move comes after 9 months positive chart setup for the $1.36B company. It was reported on Oct, 11 by Barchart.com. We have $7.83 PT which if reached, will make NYSE:SVU worth $748.00 million more.

Analysts await SUPERVALU INC. (NYSE:SVU) to report earnings on October, 19. They expect $0.12 EPS, down 7.69% or $0.01 from last year’s $0.13 per share. SVU’s profit will be $32.32M for 10.52 P/E if the $0.12 EPS becomes a reality. After $0.19 actual EPS reported by SUPERVALU INC. for the previous quarter, Wall Street now forecasts -36.84% negative EPS growth.

SUPERVALU INC. (NYSE:SVU) Ratings Coverage

Out of 5 analysts covering Supervalu Inc. (NYSE:SVU), 2 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 40% are positive. Supervalu Inc. has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. As per Thursday, January 14, the company rating was maintained by Pivotal Research. Telsey Advisory Group maintained SUPERVALU INC. (NYSE:SVU) rating on Friday, September 9. Telsey Advisory Group has “Market Perform” rating and $5.50 price target. The rating was downgraded by Deutsche Bank on Thursday, January 14 to “Buy”. The stock has “Sector Perform” rating given by RBC Capital Markets on Friday, September 9. The stock has “Outperform” rating given by Telsey Advisory Group on Wednesday, July 29. Telsey Advisory Group maintained the stock with “Outperform” rating in Friday, January 8 report. The stock of SUPERVALU INC. (NYSE:SVU) has “Sector Perform” rating given on Thursday, January 14 by RBC Capital Markets. The rating was maintained by Telsey Advisory Group with “Outperform” on Thursday, October 22. Telsey Advisory Group downgraded SUPERVALU INC. (NYSE:SVU) rating on Thursday, January 14. Telsey Advisory Group has “Market Perform” rating and $6 price target. The firm earned “Sector Perform” rating on Tuesday, October 20 by RBC Capital Markets.

According to Zacks Investment Research, “SUPERVALU is one of the nation’s largest supermarket retailer and largest food distributor. The company conducts its retail operations under three principal store formats: price uperstores, under such retail banners as Cub Foods, Shop `n Save, Shoppers Food Warehouse, Metro and biggs. Also, the company sells food and non-food products at wholesale throughout the United States to retail food stores, mass merchants and through other logistics arrangements. The company’s plans include growing its retail operations through new store development and acquisitions.”

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.27, from 0.89 in 2016Q1. The ratio is positive, as 37 funds sold all SUPERVALU INC. shares owned while 66 reduced positions. 30 funds bought stakes while 89 increased positions. They now own 216.04 million shares or 4.06% less from 225.19 million shares in 2016Q1.
Strs Ohio reported 195,500 shares or 0% of all its holdings. Swiss Retail Bank, a Switzerland-based fund reported 452,500 shares. The New York-based John G Ullman & has invested 0.01% in SUPERVALU INC. (NYSE:SVU). The Connecticut-based Addison Clark Management Ltd Liability Corp has invested 4.25% in SUPERVALU INC. (NYSE:SVU). Hsbc Public Limited Co holds 0% or 216,116 shares in its portfolio. Hartford Inv Management holds 0% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 14,800 shares. Bnp Paribas Arbitrage owns 164,192 shares or 0% of their US portfolio. Trexquant L P holds 0.08% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 126,600 shares. Parametric Portfolio Assocs Ltd Liability Co holds 0.01% or 765,042 shares in its portfolio. Peak6 L P holds 0% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 11,962 shares. Millennium Mngmt Ltd Liability holds 0.02% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 1.59M shares. Amp Capital Investors last reported 0% of its portfolio in the stock. Capstone Asset Mngmt Communications, a Texas-based fund reported 13,173 shares. Sg Americas Securities Ltd Liability Com holds 0% of its portfolio in SUPERVALU INC. (NYSE:SVU) for 72,731 shares. Wetherby Asset Management owns 10,807 shares or 0.01% of their US portfolio.

SVU Company Profile

SUPERVALU INC., incorporated on December 28, 1925, is a wholesale distributor to independent retail clients across the United States. The Firm leverages its distribution activities by providing wholesale distribution and logistics service solutions to independent retail clients and Save-A-Lot licensee customers, as well as wholesale distribution to the Company’s Retail and Save-A-Lot corporate stores. The Firm operates through three divisions: Wholesale, Save-A-Lot and Retail.

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